Mini LBO Underwrite
You are underwriting a 5-year LBO for a private equity investment committee. Company (fictional): HarborTech Services (HTS) –…
Investment Committee Memorandum: HarborTech Services (HTS) 1. Financial Summary & Free Cash Flow Build All figures in $USD millions unless otherwise noted. Entry Sources & Uses (Close FY2025) Uses: Purchase Price ($1,440m) + Fees ($28.8m) = $1,468.8m Sources: Term Loan ($480m) + Mezzanine ($180m) + Equity ($808.8m) =…Read the full answer
HarborTech Services (HTS) – 5-Year LBO Analysis Year-by-Year Model (Base Case) Metric FY2026 FY2027 FY2028 FY2029 FY2030 Revenue $972.0 $1,040.0 $1,102.4 $1,157.6 $1,215.4 EBITDA $136.1 $156.0 $176.4 $191.0 $206.6 Cash Interest (Term) $43.2 $41.0 $37.6 $32.8 $26.8 Cash Interest (Mezz) $21.6 $22.0 $22.5 $22.9 $23.4…Read the full answer